Pats Boats is being liquidated. The administrative costs of liquidation, taxes, and wage payments are expected to be $450,000. Secured creditors have a mortgage lien for $1.4 million on the real estate which was just liquidated and netted proceeds of $1.2 million. The other secured creditors have submitted claims totaling $274,000 and the unsecured submitted claims are $323,000. The remaining assets are expected to net $475,000. What payout should the unsecured creditors expect per each $1 claim?

$.13

$0

$.08

$.06

$.02